Insperity (NSP), a leading provider of human resources and professional employer organization services, saw its stock price soar 5.07% on Tuesday during the trading session. The rally was fueled by the company's strong fourth-quarter 2024 earnings report and an optimistic outlook for 2025.
According to the financial results, Insperity reported adjusted earnings per share (EPS) of $0.05 for Q4 2024, exceeding analysts' estimates. Additionally, the company's adjusted EBITDA of $23 million also surpassed expectations. This positive performance was primarily driven by a successful fall sales campaign, resulting in a 37% increase in worksite employees from new clients compared to Q4 2023.
Looking ahead, Insperity provided an upbeat guidance for 2025. The company forecasts adjusted EBITDA in the range of $240 million to $285 million and adjusted EPS between $3.10 and $3.95. This guidance reflects renewed growth momentum, driven by a combination of effective sales strategies, improved client retention, and a higher level of optimism in the small business community.
Furthermore, Insperity highlighted its strategic partnership with Workday as a significant catalyst for long-term growth and profitability. The company expects this partnership to enhance its product offerings, target new markets, and potentially lead to premium pricing opportunities.